4//SEC Filing
GOLSEN SYLVIA H 4
Accession 0001140361-09-021427
CIK 0000060714other
Filed
Sep 20, 8:00 PM ET
Accepted
Sep 21, 8:12 PM ET
Size
22.3 KB
Accession
0001140361-09-021427
Insider Transaction Report
Form 4
GOLSEN SYLVIA H
10% Owner
Transactions
- Sale
Common Stock
2009-09-17$16.00/sh−27,500$440,000→ 1,888,554 total(indirect: By SBL) - Sale
Common Stock
2009-09-18$16.25/sh−2,500$40,625→ 1,886,054 total(indirect: By SBL)
Holdings
- (indirect: By Daughter)
5.5% Convertible Debentures
Exp: 2012-07-01→ Common Stock (36,400 underlying) - 16,000(indirect: By SBL)
Series B Preferred
→ Common Stock (533,333 underlying) Promissory Note
→ Common Stock (4,000 underlying)- (indirect: By SBL)
5.5% Convertible Debentures
Exp: 2012-07-01→ Common Stock (145,600 underlying) - 463,726(indirect: By Trust)
Common Stock
- 4,000(indirect: By LLC)
Series B Preferred
→ Common Stock (133,333 underlying) - 1,000,000(indirect: By SBL)
Series D Preferred
→ Common Stock (250,000 underlying) - 653,976(indirect: By LLC)
Common Stock
GOLSEN JACK E
DirectorChairman of the Board and CEO10% Owner
Transactions
- Sale
Common Stock
2009-09-18$16.25/sh−2,500$40,625→ 1,886,054 total(indirect: By SBL) - Sale
Common Stock
2009-09-17$16.00/sh−27,500$440,000→ 1,888,554 total(indirect: By SBL)
Holdings
- 4,000(indirect: By LLC)
Series B Preferred
→ Common Stock (133,333 underlying) - 653,976(indirect: By LLC)
Common Stock
Promissory Note
→ Common Stock (4,000 underlying)- 463,726(indirect: By Trust)
Common Stock
- (indirect: By SBL)
5.5% Convertible Debentures
Exp: 2012-07-01→ Common Stock (145,600 underlying) - (indirect: By Daughter)
5.5% Convertible Debentures
Exp: 2012-07-01→ Common Stock (36,400 underlying) - 1,000,000(indirect: By SBL)
Series D Preferred
→ Common Stock (250,000 underlying) - 16,000(indirect: By SBL)
Series B Preferred
→ Common Stock (533,333 underlying)
Footnotes (8)
- [F1]These shares are held by 10 trusts established for the benefit of the children, grandchildren and a great-grandchild (the "Trusts") of the reporting persons, of which Jack E. Golsen is the trustee. The amount shown is the aggregate number of shares held in the Trusts. As the sole trustee, Mr. Golsen possesses voting and dispositive power over the Issuer securities held in the Trusts, but holds no pecuniary interest in the securities held by the Trusts and disclaims beneficial ownership of the shares held in the Trusts.
- [F2]Golsen Family, L.L.C. ("GFLLC") is owned by Jack E. Golsen, chief executive officer and chairman of the board of the Issuer, through his revocable trust (45.923%), his spouse, Sylvia Golsen through her revocable trust (45.923%), his sons, Barry H. Golsen, director and the president of the Issuer (2.718%), and Steven J. Golsen, executive officer of a subsidiary of the Issuer (2.718%), and his daughter, Linda F. Rappaport (2.718%). The reporting persons disclaim beneficial ownership of the Issuer securities held by GFLLC, except to the extent of their respective pecuniary interest therein.
- [F3]SBL, LLC ("SBL") is owned by GFLLC (49%), Barry Golsen (17%), Steven Golsen (17%), and Linda Rappaport (17%). Golsen Petroleum Corporation ("GPC") is a wholly owned subsidiary of SBL. The amount shown in Table I includes 1,632,099 shares owned directly by SBL and 283,955 shares owned directly by GPC, and the amount shown in Table II includes 12,000 shares of the Issuer's Series B Preferred owned directly by SBL and 4,000 shares of the Issuer's Series B Preferred owned directly by GPC. Voting and dispositive power over the securities shared by SBL and GPC is possessed by Jack E. Golsen, who is the chief executive officer and chairman of the board of the Issuer, and Barry H. Golsen, a director and the president of the Issuer.
- [F4]This amount is the principal amount of the Issuer's 5.5% Convertible Senior Subordinated Debentures due 2012 (the "Debentures") held by the reporting person. The Debentures are convertible at the option of the holder in whole or in part into the Issuer's common stock prior to their maturity. The conversion rate of the Debentures is 36.4 shares of the Issuer's common stock per $1,000 principal amount of debentures (representing a conversion price of $27.47 per share of common stock), subject to adjustment under certain conditions as set forth in the Indenture, dated June 28, 2007 (the "Indenture"), by the Issuer in favor of UMB Bank, N.A., as Trustee, filed as Exhibit 4.2 to the Issuer's Form 8-K on June 29, 2007. The Debentures bear interest at the rate of 5.5% per year and mature on July 1, 2012.
- [F5]This amount is the principal amount of the Debentures owned of record by the reporting persons' daughter, Linda F. Rappaport. The reporting persons hold no pecuniary interest in these debentures and disclaim any beneficial ownership therein, and this report shall not be deemed an admission that the reporting persons hold any pecuniary interest in or are the beneficial owners of these debentures for any purpose, including Section 16 of the Securities Exchange Act of 1934, as amended.
- [F6]Each share of the Issuer's Series "B" 12% Cumulative Preferred Stock is convertible, at the option of the holder into 33.3333 shares of the Issuer's common stock. Each share is convertible as long as such is outstanding.
- [F7]The Issuer's Series "D" 6% Cumulative, Convertible Class C Preferred Stock is convertible at the option of the holder into the Issuer's common stock at the rate of four shares of Preferred "D" for one share of common stock. Each share is convertible as long as such is outstanding.
- [F8]Mr. Golsen holds a note from the Issuer payable on demand and convertible, at the option of the holder, at the rate of $2.00 for each share of common stock. The principal amount of the note is $8,000.
Documents
Issuer
LSB INDUSTRIES INC
CIK 0000060714
Entity typeother
IncorporatedOK
Related Parties
1- filerCIK 0001005713
Filing Metadata
- Form type
- 4
- Filed
- Sep 20, 8:00 PM ET
- Accepted
- Sep 21, 8:12 PM ET
- Size
- 22.3 KB